Wednesday, February 11, 2009

IPPs don't want to review PPAs

Even the surrogate parent for the birth of the IPPs, Dr M has come out to call for a review of the PPAs because the huge power reserves, which means unutilised power, posed a heavy burden to TNB. Needless to say, what's bad for TNB is bad for consumers and the country.

This is the downside to rent-seeking arrangements endemic during the 1980s and 1990s privatisation drive.

My criticism of the IPPs is set out here. In particular, see my arguments here, if you care to.